This is a six unit investment opportunity with an 11.5+% CAP rate in Town Plot - corner lot across from the school The property consists of all 2 bed/1 bath units. There are various unit updates throughout, including flooring, kitchens and baths. The utilities are all separate & tenant paid. The 1st two floors have gas H&HW, the 3rd floor is electric H&HW. The electric is fully updated with separate panels. This property can be purchased with other assets in the Waterbury area as well - ask for details. Value add opportunity to increase rents. Plus, 5 car-detached garage in back - rent out for additional income. 17+% CAP proforma. This is a great opportunity to own a property with great cash flow + NOI of $43k + Property needs work, will convey as-is.
Off market
Street View
Price Unknown
18 Poplar St, Waterbury, CT 06708
12beds
5,124sqft
MultiFamily
Built in 1885
-- sqft lot
$-- Zestimate®
$--/sqft
$2,006 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Electric, Gas
Features
- Basement: Unfinished, Full
Interior area
- Total interior livable area: 5,124 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage - Attached, Garage - Detached
Features
- Patio & porch: Porch
- Exterior features: Vinyl
- Waterfront features: Not Applicable
Lot
- Size: 7,405 sqft
- Features: Corner Lot
Details
- Zoning: RH
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Units are Side-by-Side, Units on different Floors
Condition
- Year built: 1885
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: Waterbury
HOA & financial
Other financial information
- Total actual rent: 245000
Other
Other facts
- Sewer: Public Sewer
- Heating: Baseboard, Electric, Natural Gas
- GarageYN: true
- Basement: Unfinished, Full
- Zoning: RH
- AssociationYN: 0
- HeatingYN: true
- Roof: Flat
- NumberOfUnitsTotal: 6
- ConstructionMaterials: Frame, Vinyl Siding
- CurrentFinancing: Other
- LotFeatures: Corner Lot
- NumberOfUnitsInCommunity: 6
- Cooling: Window Unit(s)
- FoundationDetails: Stone, Masonry
- ParkingFeatures: Driveway, Detached Garage
- GrossIncome: 45600
- PatioAndPorchFeatures: Porch
- CommunityFeatures: Park, Walk to Bus Lines, Public Pool, Public Transportation, Commuter Bus
- YearBuiltSource: Public Records
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- TotalActualRent: 245000.00
- ArchitecturalStyle: Units are Side-by-Side, Units on different Floors
- MlsStatus: Show
- NetOperatingIncome: 28431
- OperatingExpense: 14889